Bouwinvest has implemented a risk management framework based upon the principles of The Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Within the domain of the Residential Fund, we distinguish the following risk clusters:

All amounts in € thousands, unless otherwise stated

Before appropriation of result, all amounts in € thousands

For 2016, before appropriation of result, all amounts in € thousands

All amounts in € thousands

All amounts in € thousands, unless otherwise stated

Bouwinvest Dutch Institutional Residential Fund N.V., (the Residential Fund, the Fund) holds a major portfolio of investment properties in the Netherlands.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.

The risk management function within the Fund is carried out with respect to financial risks. Financial risks are risks arising from financial instruments to which the Fund is exposed during or at the end of the reporting period.